Elysee Investment Acquires Multifamily Portfolio In Harlem, Manhattan For $32M

Located in Harlem, Manhattan, the recently sold property at 2470 8th Avenue, 271 West 144th Street, and 1941 Adam C Powell Boulevard is a multifamily asset. The sale was finalized on 08/10/2022 at a price of $32,000,000. The property comprises 213 units, with a price per unit (PPU) of $150,234. Spread across 201,764 square feet, the property has a price per square foot (PPSF) of $158.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $32,000,000
• Units: 213
• Price Per Unit (PPU): $150,234
• Square Footage: 201,764
• Price Per Square Foot (PPSF): $158

The buyer of the property is Elysee Investment, represented by Avi Dishi. On the other side, KLM Equities acted as the seller in this transaction. The deal, facilitated by Avi Dishi from Elysee Investment, successfully concluded the sale of this multifamily property in Harlem.